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IN RE LENOX

No. 88-15302.

902 F.2d 737 (1990)

In re John H. LENOX; Sina A. Lenox, d/b/a Lenox Farms, Debtors. Joseph A. MEYER; Jo Ann Meyer; James B. Meyer; Germaine A. Meyer, Appellants, v. John H. LENOX; Sina A. Lenox, d/b/a Lenox Farms, Appellees.

United States Court of Appeals, Ninth Circuit.

Decided April 30, 1990.

Attorney(s) appearing for the Case

Daniel S. Corder, Smith & Corder, Reno, Nev., for appellants.

Geoffrey L. Giles, Reno, Nev., for appellees.

Before WIGGINS and NOONAN, Circuit Judges, and TASHIMA, District Judge.

NOONAN, Circuit Judge:

Joseph A. Meyer, Jo Ann Meyer, James B. Meyer, and Germaine A. Meyer (the Meyers) appeal from an order of the Bankruptcy Appellate Panel (BAP). We affirm in part, reverse in part and remand.

FACTS

John and Sina Lenox (the Lenoxes) bought a farm from the Meyers in 1974, giving a 15-year promissory note for $193,000, secured by a first deed of trust on the property. By the note's terms they were to pay $12,866.66 (principal and...

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